Obamacare just ruined my life

[asterism]

I just received a letter from my job stating that no one will be working more than 30 hours a week.

I normally worked 48-52 hours per week generating 10 hours of regular play, and 8-12 hours of overtime time...

10 + 12= 48??

thank God you're not a math teacher.

I think it's a typo, I think he meant to say 40 hours of regular pay.

 

[asterism]

why is your employer CHOOSING to cut your hours?

Because his employer wants to remain in business. My employer has, HAD, 60 fulltime employees. Factor in providing health insurance to each of them and it is not financial feasable.

His employer, like mine, is CHOOSING to REMAIN IN BUSINESS by reducing the number of fulltime employees.

This law has incentatived reducing workers hours.

But this is basic stuff to anyone running a business right now, and the fact that these concepts are so foriegn so someone liberals on this thread demostrates how out of touch they are with what if happening, what I like to call REALITY.

You work full time and don't have employer sponsored insurance?

It's quite common in small companies.

We pay our employees more to compensate because it would cost $1500 per month to provide health insurance to our folks.

 

[boedicca]

I just received a letter from my job stating that no one will be working more than 30 hours a week.

I normally worked 48-52 hours per week generating 10 hours of regular play, and 8-12 hours of overtime time. Each hour I work averages an ADDITIONAL $ 11.25 in tips.

This means each week I will now be losing (20)(11.25) + (10)(10.50) + (10)(16.25) dollars per week.

I will now be losing an average of $ 492.50 per week.

This is nearly $ 2,000 per month.

Almost $24,000 a year ($ 23,640)

I can no longer afford my own private healthcare coverage --- thanks to Obamacare.

I will also have to find a second job, and DROP two classes at Stony Brook University.

So now I will make less money, work more hours, and it will take longer to complete my degree.

My life has been ruined by the parasites.

Obamacare just ruined my life.

I think your math is off a bit. I'm sure you are going to be hurt in this and I agree that it sucks, but this:

"losing (20)(11.25) + (10)(10.50) + (10)(16.25) dollars per week" adds up to 40 hours. You aren't losing 40 hours of work each week, you are losing at most (according to your "48-52 hours" statement) is 22 hours per week.

He has it correct. He has 20 hours of his lost tips, 10 hours of his base pay per hour, and 10 hours (the amount of above 4) at an overtime rate.

 

[asterism]

I just received a letter from my job stating that no one will be working more than 30 hours a week.

I normally worked 48-52 hours per week generating 10 hours of regular play, and 8-12 hours of overtime time. Each hour I work averages an ADDITIONAL $ 11.25 in tips.

This means each week I will now be losing (20)(11.25) + (10)(10.50) + (10)(16.25) dollars per week.

I will now be losing an average of $ 492.50 per week.

This is nearly $ 2,000 per month.

Almost $24,000 a year ($ 23,640)

I can no longer afford my own private healthcare coverage --- thanks to Obamacare.

I will also have to find a second job, and DROP two classes at Stony Brook University.

So now I will make less money, work more hours, and it will take longer to complete my degree.

My life has been ruined by the parasites.

Obamacare just ruined my life.

I think your math is off a bit. I'm sure you are going to be hurt in this and I agree that it sucks, but this:

"losing (20)(11.25) + (10)(10.50) + (10)(16.25) dollars per week" adds up to 40 hours. You aren't losing 40 hours of work each week, you are losing at most (according to your "48-52 hours" statement) is 22 hours per week.

No, I'm including the tips.

If I work 30 hours instead of 50 hours, then I lose 20 hours.

10 of those hours are overtime at 16.25

10 of those hours are normal, at 10.50

Each of those 20 missing hours is also -11.25 in tips.

So you get

20hours($11.25 {TIP}/hour) + 10hours($10.50 {normal wage}/hour + 10hours($16.25 {overtime}/hour)

So you get an average of $11.25 in tips over and above the $10.50 per hour you get in wages?

 

[The2ndAmendment]

Idiot, businesses don't wait till 2015 to prepare for it. Use your head, Carbine.

I figured someone would try that. The mandate was delayed in July. According to your logic, this company needed 16 months to prepare for the 2015 date.

That means they would have done this already in 2012 to prepare for the 2014 date, since they wouldn't have known then about the delay.

lol, think before you post.

LOL, don't run a business do you? Never had to deal with bureaucracy have you? If you did, you're lying; if you haven't, think before you post. A business may have just completed preparing for the mandate in 2012, but suddenly instead of 2013 which they were prepared for, it's 2015. It's a whole 'nother ballgame, Carbine. With most of it in serious jeopardy as it is, a business may have difficulty preparing for it, or may have to start over completely. This isn't a split second process, mister.

Don't forget that taxes depend on the PREVIOUS YEAR.

 

[asterism]

I figured someone would try that. The mandate was delayed in July. According to your logic, this company needed 16 months to prepare for the 2015 date.

That means they would have done this already in 2012 to prepare for the 2014 date, since they wouldn't have known then about the delay.

lol, think before you post.

LOL, don't run a business do you? Never had to deal with bureaucracy have you? If you did, you're lying; if you haven't, think before you post. A business may have just completed preparing for the mandate in 2012, but suddenly instead of 2013 which they were prepared for, it's 2015. It's a whole 'nother ballgame, Carbine. With most of it in serious jeopardy as it is, a business may have difficulty preparing for it, or may have to start over completely. This isn't a split second process, mister.

Don't forget that taxes depend on the PREVIOUS YEAR.

No they don't.

 

[thereisnospoon]

Waaaaaaaaaaaaaaaaaaah! Get that second job and pull up those bootstraps! You AREa real American, ain't ya?

This is a perfect insight into the mind of a liberal. Spread the misery and suffering around. Enact laws that lowers American worker's wages.

Vindictive, immature sociopaths.

There is a coming backlash that the left is desperately attempting to manage.

There is a coming backlash? Why don't you tell us in what form this backlash will be so we can give you credit for your insight.

The
2014 and 2016 elections are going to be where the backlash against liberalism and socialism will be demonstrated.
Liberal democrats and RINO's are going to take it in the shorts.

 

[The2ndAmendment]

LOL, don't run a business do you? Never had to deal with bureaucracy have you? If you did, you're lying; if you haven't, think before you post. A business may have just completed preparing for the mandate in 2012, but suddenly instead of 2013 which they were prepared for, it's 2015. It's a whole 'nother ballgame, Carbine. With most of it in serious jeopardy as it is, a business may have difficulty preparing for it, or may have to start over completely. This isn't a split second process, mister.

Don't forget that taxes depend on the PREVIOUS YEAR.

No they don't.

They do in Suffolk County faggot.

We don't' live under a Unitary government.

 

[TemplarKormac]

I figured someone would try that. The mandate was delayed in July. According to your logic, this company needed 16 months to prepare for the 2015 date.

That means they would have done this already in 2012 to prepare for the 2014 date, since they wouldn't have known then about the delay.

lol, think before you post.

LOL, don't run a business do you? Never had to deal with bureaucracy have you? If you did, you're lying; if you haven't, think before you post. A business may have just completed preparing for the mandate in 2012, but suddenly instead of 2013 which they were prepared for, it's 2015. It's a whole 'nother ballgame, Carbine. With most of it in serious jeopardy as it is, a business may have difficulty preparing for it, or may have to start over completely. This isn't a split second process, mister.

Don't forget that taxes depend on the PREVIOUS YEAR.

Precisely. Carbine has no clue what he's talking about. He has no idea the suffering people are being put through as a result of this 'mandate'.

 

[Pop23]

LOL, don't run a business do you? Never had to deal with bureaucracy have you? If you did, you're lying; if you haven't, think before you post. A business may have just completed preparing for the mandate in 2012, but suddenly instead of 2013 which they were prepared for, it's 2015. It's a whole 'nother ballgame, Carbine. With most of it in serious jeopardy as it is, a business may have difficulty preparing for it, or may have to start over completely. This isn't a split second process, mister.

Don't forget that taxes depend on the PREVIOUS YEAR.

Precisely. Carbine has no clue what he's talking about. He has no idea the suffering people are being put through as a result of this 'mandate'.

Losing income is no laughing matter

Sorry to hear about that! This will come back to haunt the progressives. Sorry you had to be one of the casualties. I have a feeling there will be many more walking in those shoes in the months to come. Keep your chin up!

 

[TemplarKormac]

Don't forget that taxes depend on the PREVIOUS YEAR.

No they don't.

They do in Suffolk County faggot.

We don't' live under a Unitary government.

According to the IRS, it is something known as "Tax Liability" an "Estimated Tax" which are based off of the previous years income. If a person is self employed, the tax code requires the person to submit to this rule. If a business has previous tax liability for the previous year, it is required by law to pay estimated tax for the current year if it's income exceeds $1,000. These types of income tax returns are filed with form 1040-ES.

Estimated Taxes

Self-Employed Individuals Tax Center

Given that the business 2AD works for is a small business, then the impact would not only hit them hard, but that impact would also translate to 2AD's personal income.

 

[asterism]

Don't forget that taxes depend on the PREVIOUS YEAR.

No they don't.

They do in Suffolk County faggot.

We don't' live under a Unitary government.

Why the childish name calling?

Taxes owed are based on current year's earnings. Go look it up.

Suffolk County (NY) doesn't have an income tax.

 

[asterism]

No they don't.

They do in Suffolk County faggot.

We don't' live under a Unitary government.

According to the IRS, it is something known as "Tax Liability" an "Estimated Tax" which are based off of the previous years income. If a person is self employed, the tax code requires the person to submit to this rule. If a business has previous tax liability for the previous year, it is required by law to pay estimated tax for the current year if it's income exceeds $1,000. These types of income tax returns are filed with form 1040-ES.

Estimated Taxes

Self-Employed Individuals Tax Center

Given that the business 2AD works for is a small business, then the impact would not only hit them hard, but that impact would also translate to 2AD's personal income.

If you have a loss of income from the previous year to current, you only need to pay the estimated tax on the income you have realized.

Go through an IRS audit and get back to me.

 

[TemplarKormac]

They do in Suffolk County faggot.

We don't' live under a Unitary government.

According to the IRS, it is something known as "Tax Liability" an "Estimated Tax" which are based off of the previous years income. If a person is self employed, the tax code requires the person to submit to this rule. If a business has previous tax liability for the previous year, it is required by law to pay estimated tax for the current year if it's income exceeds $1,000. These types of income tax returns are filed with form 1040-ES.

Estimated Taxes

Self-Employed Individuals Tax Center

Given that the business 2AD works for is a small business, then the impact would not only hit them hard, but that impact would also translate to 2AD's personal income.

If you have a loss of income from the previous year to current, you only need to pay the estimated tax on the income you have realized.

Go through an IRS audit and get back to me.

Read the links will you?

 

[The2ndAmendment]

No they don't.

They do in Suffolk County faggot.

We don't' live under a Unitary government.

Why the childish name calling?

Taxes owed are based on current year's earnings. Go look it up.

Suffolk County (NY) doesn't have an income tax.

No, but the Watermill has property taxes and other taxes... all of which must be assessed and predicted and allocated for in advance...

TUNNEL VISION DETECTED

 

[asterism]

According to the IRS, it is something known as "Tax Liability" an "Estimated Tax" which are based off of the previous years income. If a person is self employed, the tax code requires the person to submit to this rule. If a business has previous tax liability for the previous year, it is required by law to pay estimated tax for the current year if it's income exceeds $1,000. These types of income tax returns are filed with form 1040-ES.

Estimated Taxes

Self-Employed Individuals Tax Center

Given that the business 2AD works for is a small business, then the impact would not only hit them hard, but that impact would also translate to 2AD's personal income.

If you have a loss of income from the previous year to current, you only need to pay the estimated tax on the income you have realized.

Go through an IRS audit and get back to me.

Read the links will you?

Sure.

General Rule
In most cases, you must pay estimated tax for 2013 if both
of the following apply.
1. You expect to owe at least $1,000 in tax for 2013,
after subtracting your withholding and refundable credits.
2. You expect your withholding and refundable credits
to be less than the smaller of:
a. 90% of the tax to be shown on your 2013 tax return,
or
b. 100% of the tax shown on your 2012 tax return.
Your 2012 tax return must cover all 12 months.

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

See that? Anyone that expects their withholding to be less than the tax paid on their 2012 tax return does not have to pay estimated tax. Although if they expect to owe at least $1000, then they have to pay the amount they expect to owe or else they will incur penalties (but that's not in this handout, that comes when one is audited).

Really, don't play google-fu against experience. I was unclear about the math presented, he clarified, and it's all good. It's a shitty situation and one of the effects of Obamacare and none of the left give a shit about.

But please if you want to talk taxes some more, go for it.

 

[asterism]

They do in Suffolk County faggot.

We don't' live under a Unitary government.

Why the childish name calling?

Taxes owed are based on current year's earnings. Go look it up.

Suffolk County (NY) doesn't have an income tax.

No, but the Watermill has property taxes and other taxes... all of which must be assessed and predicted and allocated for in advance...

TUNNEL VISION DETECTED

None of which has any bearing on how much money you're going to make this year vs. last year.

ASSHOLE ALERT TRIPPED.

(namecalling only makes you look like a douche)

 

[The2ndAmendment]

Why the childish name calling?

Taxes owed are based on current year's earnings. Go look it up.

Suffolk County (NY) doesn't have an income tax.

No, but the Watermill has property taxes and other taxes... all of which must be assessed and predicted and allocated for in advance...

TUNNEL VISION DETECTED

None of which has any bearing on how much money you're going to make this year vs. last year.

ASSHOLE ALERT TRIPPED.

(namecalling only makes you look like a douche)

As a resident of Suffolk County, I can guarantee that the previous year's income determines the property taxes paid, the rules and regulations of such that are modified according to the zoning.

 

[asterism]

No, but the Watermill has property taxes and other taxes... all of which must be assessed and predicted and allocated for in advance...

TUNNEL VISION DETECTED

None of which has any bearing on how much money you're going to make this year vs. last year.

ASSHOLE ALERT TRIPPED.

(namecalling only makes you look like a douche)

As a resident of Suffolk County, I can guarantee that the previous year's income determines the property taxes paid, the rules and regulations of such that are modified according to the zoning.

Your income is not a factor in the equation.

Suffolk County Tax Act :: 2006 New York Code :: US Codes and Statutes :: US Law :: Justia

 

[TemplarKormac]

If you have a loss of income from the previous year to current, you only need to pay the estimated tax on the income you have realized.

Go through an IRS audit and get back to me.

Read the links will you?

Sure.

General Rule
In most cases, you must pay estimated tax for 2013 if both
of the following apply.
1. You expect to owe at least $1,000 in tax for 2013,
after subtracting your withholding and refundable credits.
2. You expect your withholding and refundable credits
to be less than the smaller of:
a. 90% of the tax to be shown on your 2013 tax return,
or
b. 100% of the tax shown on your 2012 tax return.
Your 2012 tax return must cover all 12 months.

http://www.irs.gov/pub/irs-pdf/f1040es.pdf

See that? Anyone that expects their withholding to be less than the tax paid on their 2012 tax return does not have to pay estimated tax. Although if they expect to owe at least $1000, then they have to pay the amount they expect to owe or else they will incur penalties (but that's not in this handout, that comes when one is audited).

Really, don't play google-fu against experience. I was unclear about the math presented, he clarified, and it's all good. It's a shitty situation and one of the effects of Obamacare and none of the left give a shit about.

But please if you want to talk taxes some more, go for it.

Simple question, why are you ignoring someone speaking from experience? One man may have experience, the other may have more. In this case, 2AD is being directly effected by this. So what gives him reason to lie about something like this? I get the implication you are calling him a liar to his face.